Core Points - The recent notification issued by five departments, including the Ministry of Human Resources and Social Security, outlines specific operational methods for personal pension withdrawals, effective from September 1 [1] - The personal pension system is a crucial component of China's pension insurance framework, referred to as the "third pillar" [1] Changes in Withdrawal Conditions - The notification introduces three new conditions for applying for personal pension withdrawals, expanding the total to six conditions [1] - The six conditions are: - Reaching the age for basic pension withdrawal - Complete loss of labor ability - Settling abroad - Medical expenses exceeding the previous year's per capita disposable income after insurance reimbursement within the last 12 months for the applicant or their family - Accumulating 12 months of unemployment insurance benefits within the last two years - Currently receiving minimum living security benefits [1] Changes in Application Channels - The notification adds two new application channels for personal pension withdrawals, in addition to the existing method through the bank where the personal pension account is held [4] - New channels include: - National Social Insurance Public Service Platform - Electronic social security card - 12333 App and local social insurance agencies [4] Implementation Timeline - The personal pension system was initially implemented in 36 cities in November 2022 and is set for nationwide rollout by December 15, 2024 [5] - The system allows individuals to voluntarily participate and manage their pension savings through various financial products, with an annual contribution limit of 12,000 yuan [5] Continuation of Contributions After Early Withdrawal - Participants who withdraw their personal pension under conditions other than reaching the basic pension age can continue to contribute to their personal pension accounts [6] - The account status will be updated to reflect the new contribution status [6] Purpose of the Personal Pension System - The personal pension system is designed to provide a voluntary savings option for individuals, distinct from the broader social pension insurance [7] - The system aims to address the financial needs of individuals facing unexpected circumstances before retirement [3]
个人养老金怎么领?哪些情况能提前取?一起来了解
Yang Shi Wang·2025-08-19 17:56